Macro, industry and state effects in the U.S. of removing major tariffs and quotas

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Dixon, Peter, Rimmer, Maureen T and Tsigas, Marinos E (2005) Macro, industry and state effects in the U.S. of removing major tariffs and quotas. Working Paper. Centre of Policy Studies (CoPS).

Abstract

We use a 500-industry CGE model of the U.S. to simulate the macro, industry and state effects of removing major U.S. tariffs and quotas. We find that this would generate a welfare gain of 0.07 per cent. For most industries, the output change would be negligible but for sugar, butter and several textile industries output contractions would be large. The state employment changes are all between -0.5 and 0.2 per cent. We explain the results by elementary mechanisms, in a way that does not require prior knowledge of the underlying CGE model.

Additional Information

CoPS/IMPACT Working Paper Number G-146

Item type Monograph (Working Paper)
URI https://vuir.vu.edu.au/id/eprint/29395
Official URL http://www.copsmodels.com/elecpapr/g-146.htm
ISBN 0732615518
Subjects Historical > FOR Classification > 1402 Applied Economics
Current > Division/Research > Centre of Policy Studies (CoPS)
Keywords C68; R13; F14; U.S tariffs and quotas; CGE modeling; state modeling; explanation of CGE results
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